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not market -- market all of. gerri: you bring a degree point because the first time we had the debt ceiling issue, which is the one now looming in congress, we saved 2,000 points of the stock market. it did not last, thankfully, but it was scary. it may allow the people uneasy. we will -- will leave be in for the same type of problem if we get right up to that deadline and no agreement? >> yes. yes. and that is why we are all annoyed and hopeful that congress will learn a lesson and not do a test again because all they're doing getting in our way causing a lot of banks and warrior necessarily for the american public and investors or a wide. gerri: a broader question. you're a smart guy and you watch all this stuff. one of the things the we're waiting for, listening tour, s&p, moody's, downgrade are dead again, what will happen? we will be the ramifications? how will that hit individual investor portfolios? >> there is a risk that traditionally when they're is a downgrade of a bond rating the value of the bond goes down as well, which means if you own u.s. government securities you're going
. >> rick: on the debt ceiling issue, if washington were to call you and say, what should we do? >> if washington wash was to call me and ask me, we would have to cut spending. no way to get out of it. >> rick: raising or inspect raising the debt ceiling? what's your opinion? >> we've got to raise the debt ceiling. we have no choice. >> rick: thank you very much. ed is managing partner at chapwood investment. good to see you. >> arthel: there is yet another new petition on the white house web site. the subject of this one, president obama's pick for treasury secretary jack lew. as you might know, he has a knack with his loopy john hancock. there it is. now fans of his loops are petition to go see his squiggles on every bill because when tim geithner became head of treasury, he changed his signature to be more legible on currency. these folks don't want jack to follow suit. we just checked and 326 people have signed the loopdy loop petition. 25,000 signatures are needed to reach the petitioner's goal. >> rick: these are folks who want him to keep the signature the way it is. >> a
with the debt ceiling and bigger issues looming. >> what do you think of jack lew? he's to replace tim geithner. seems that we're on the verge of a different kind of philosophy now. >> yeah. i think what's interesting is barack obama is getting to people who are closer to him. jack lew used to be chief of staff. obama's like, look, my first term i was getting all the people to make america happy. now i'm getting people to do what i want them to do. a lot of people didn't like how fiter in did the job so obama is putting his own thumb on this one. >> people said he's too much like the president or backing his policies. i thought isn't that why you pick people for your cabinet? >> exactly. that's what barack obama wants to do. he is now safe. he doesn't have to worry about running ever again. so he's like, look, i'm going to put my stamp on america whether you like it or not. >> a lot has been said about this, that in many ways the new cabinet, the high posts are older white men, not reflective of american society. there have been a number of women that have clearly -- >> yeah. >> secretary of st
to crisis. first the fiscal cliff, the debt ceiling, the sequester coming up and no long-term planning on issues that really affect the american public. >> jamie: julie, that's not my question. with all due respect. i understand that you feel the republicans are standing in the way of what the president wants on some things, but what specifically is his jobs plan? you must know. >> of course, i can tell you the jobs plan he introduced last year and happy to introduce it tomorrow if the republicans said they'd vote on. infrastructure investment and in our states, hire more firemen police and teachers, give tax breaks to companies in order to encourage them to hiring. and tax breaks to americans, to american companies to bring jobs. >> jamie: you're not-- julie, what you're not mentioning is-- >> angela, some of those things sound like they might be helpful. >> yeah, some of those things could be helpful, but the president did have a jobs plan that before the senate and some democrats voted it down. the bottom line, is this, julie, the president has a bully pulpit and doesn't want to tal
congress. bear in mind, it's going to be a fight to raise the debt ceiling and keep the government running in washington at this point. so think about how much harder it's going to be to get an assault weapons ban through. this is an intractable issue in washington over the past few years, and not just an issue that falls along party lines. republicans have not wanted to push on this, and except for a few liberal voices, progressives on the left. democrats not wanted to go anywhere near this issue either. president obama says even if politics are tough, he plans to push forward on the issues on this point. >> amie, i want to ask you about the debt ceiling. democrats are saying bypass the house entirely. something about invoking the 14th amendment. how would that work? >> the white house press secretary jay carney said a couple of times that the president would not do that, but you saw senate democrats yesterday, specifically a strong worded letter from harry reid saying you have to do this. we have to figure out a way, can't get caught up in this. that's one option, the other option is the
the debt ceiling, people are very cautious, they should be. i think this may be a bill d.c. wants to make the person that is on the fencing out and go through the process of buying a home. all i'm suggesting make sure you are prepared and you have the funds in place to do that. >> jamie: understood. thanks so much kyle. >> gregg: chuck hagel is under fire from so many sides as he gets ready for a tough confirmation battle. how much of the criticism is fair? how much is missed? we'll take a closer look with a aaron david miller. >> jamie: we are waiting to hear is lance armstrong prepared to admit to doping. what they are saying about the interviewer with oprah winfrey. >> i try not to let it bother me and keep rolling right on. i know what i know and i know what i did. that is not going to change. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male an
standoff. writing for the columbia law review, the authors write that in the debt ceiling deal context and given the balance of the practical stand prudential considerations, the least constitutional choice would be for the president to continue to issue debt in the amounts authorized by the duly enacted budget of the united states. translation? go over the head of congress and raise the debt creeiling from t oval office, because it is an esoteric concern that has street level consequences burk i scons remains a matter of interpretation. think george w. bush, post 9/11 and bolt ststered by a fierce t of lawyers who e helped usher in the greatest debt in decades. and now it is not war powers or extraordinary rendition or interrogation techniques, but it is about the 14th amendment, because it prevents any questioning of the validity of the public debt of the united states so many say that debt, itself, is unconstitutional, because it gets in the way of the federal government honoring the basic financial commitments. the president may be constitutionally obligated to ignore this debt cei
for sanity. the greater issue is what is missing from that deal and the many cliffs we'll encounter, the debt ceiling cliff, the skwesation cliff, and then the budget battle. does this stand in the way of the stuff you and i talk about could be happening in our country? >> in two senses. you're a business, imagine a company that does business with the defense department. this is a huge part of our economy. >> sure. >> if you're watching this sequestration madness or the debt ceiling madness, are you going to be hiring new people? are you going to be expanding production? no. you're going to be wondering to yourself is the defense department budget going to be cut by 20%, 10%? >> you will hesitate to make certain business decisions particularly hiring. >> exactly. and republicans often talk about how uncertainty makes businesses not expand production. >> right. >> this is the biggest uncertainty, is the craziness over the debt ceiling and the second biggest is the sequestration. there's that piece of it. there's the broader piece, which is we need to do more than just have a cyclical upturn. w
just days before the debt ceiling limit. not every politician is as gifted speaker but hit kim cooper fumbled his state of the state address yesterday. >> working together we can punch holes -- if jesus. [laughter] it is the crescendo working together, we can punch some pretty vague goals in the darkness. god bless colorado. lori: a great sense of colorado. he got a great laugh. and not just the old boys' club with a critical article with this picture the president meeting with 10 mail advisers but the white house put it this bichir the next day president obama with three female advisers. if you are still outraged now it is president obama with three advisers female and three advisers mail trying to call for more diversity. if you are an adrenaline junkie not afraid of snakes before the fish and wildlife conservation commission kicks off the python challenge tomorrow for anyone who wants to hunt down the burmese python as an effort to rid the state of 150,000 non native price since one negative pythons there is every board to $1,000 suit ketches the longest and 1500 to whoever kills t
to increase the debt ceiling unilaterally, and another option that is floated is to essentially mint a platinum coin worth a trillion dollars. this is a idea that dates back to a 1997 appropriations bill that deals with the issue. the white house saying they do not believe that this gives nem the authority to mint a trillion dollars coin. they feel they need to go through congress to get the debt increased. there's question how it will take effect. president obama said he is not going negotiate with congress. so it raises the question, if he is not going negotiate congress, how are they going to get it done? congress is digging in and house republicans saying they are not going to aagree to an increase in the debt limit unless it's equalled by dollar for dollar spending cuts and depositions saying they are not signing off on that, they believe it will take a huge bite out of sbeel s entitlements and that is all coming as the noungsment of a appointment of a new head of treasury, secretary of the treasury, former chief of staff, jack lew, some say he is a big spend democrat, they fee
way of getting around the debt ceiling. what do you think of that? >> i think the whole thing is the race to the bottom of ridiculous new plans. to be fair, the trillion dollar coin has taken it. nothing is going to be sillier than that. >> platinum. platinum. but have you ever seen those nature shows where the birds hop around around fluff up their feathers to intimidate a rival or aattract a mate? i hope and believe that is what the president and congress are doing right now. trying to be bigger and bigger and more threatening. in the end they're going to make a deal. they always make a deal. >> keith boynkin, this is argentina type stuff. this is banana republic type stuff. democrats don't want to cut spending. they're trying to come up with phony arguments. only boehner wants the one for one. this law professor has got this i.o.u. it did work for a spell in california. but he says that the congress has the constitutional authority to raise the debt. what is going on here? and -- >> do you think it's a good idea, larry, for the united states government not to pay its debt?
on the debt ceiling for weeks, and now the fox news misinformation machine in high gear, hitting the platinum coin issue. neil cavuto put up this misleading graphic during his show on thursday. it claimed the coin would weigh 17,000 tons, about the weight of 89 blue whales and be the size of a nuclear submarine? well, the graphic is all wrong. the coin can be any size and be given any denomination. this is just the latest example of republican misinformation on the debt ceiling. mitch mcconnell was wrong when he claimed president obama wanted to raise the debt ceiling so he could spend more money. john cornyn was wrong when he said shutting down the government over the debt ceiling would be good for the country. and now neil cavuto's graphic is joining the club in the fraternal order. it's important to remember any information from republicans on the debt ceiling must be taken with a serious grain of salt. tonight in our survey, i asked you, will the obama administration get gun legislation passed? 84% of you say yes. 16% of you say no. >>> coming up, big hits in the national football league
major fights are expected as we just begin this new year. they are over the debt ceiling debate and president's cabinet choices. there were two issues that sparked criticism from both sides of the aisle this week. joining me is congresswoman karen bass, a democrat from california. welcome back to the show. it's good to see you. >> thank you. thanks for having me on. >> i know you have seen this picture which is circulating. it's of the president's current cabinet which shows all of the men there with the exception of what's reported to be valerie jarrett's leg. okay. so as someone who's been on the frontline fighting for women's rights, what did you make of all the talk about the president's lack of diversity in his cabinet choices? >> well, i certainly think that the optics are not very positive. but i really do think it's important to look at the overall picture. so if you look at gender diversity within the president's staff and what his cabinet has been, i think it's actually been very strong. what i'm looking forward to is that the appointments coming up will reflect women
on the left saying the president has a unilateral power to raise the debt ceiling, and that is craziness. if you look at the 14th amendment, it says the full faith and credit of the u.s. debt will be honored. and, of course, it will be even if we don't pass a debt ceiling on time because the first thing that gets paid, you and i have talked about this many times, the first thing that gets paid -- neil: well, the lawyers argued that out in court, and that's what gets ridiculous. but, you know, sabrina, here's what worries me. we've alady soon an effective strategy on the part of the white house to marginalize the republican house and make it sort of like the last part of the negotiating process on the cliff deal where it was take it or leave it, and you're going to look like obstructionists if you just leave it. so the house cowered and went ahead and accepted a deal. but they discovered a wisdom in that strategy to not only push the house aside, but maybe bypass it entirely. and i think that's a growing trend. what do we do? what do we say to follow be up on it? -- to follow up on it? >>
Search Results 0 to 24 of about 25 (some duplicates have been removed)